[90D Notice to the [FCA and the PRA] of preliminary steps]
Building Societies Act 1986 (1986 c 53) | Legislation

[90D  Notice to the [FCA and the PRA] of preliminary steps]

[(1)     An application for an administration order in respect of a building society may not be determined unless the conditions below are satisfied.

(2)     A petition for a winding up order in respect of a building society may not be determined unless the conditions below are satisfied.

(3)     A resolution for voluntary winding up of a building society may not be passed unless the conditions below are satisfied.

(4)     An administrator of a building society may not be appointed unless the conditions below are satisfied.

(5)     Condition 1 is that the [FCA[, the Bank of England] and, if the society is a PRA-authorised person, the PRA have] been notified—

(a)     by the applicant for an administration order, that the application has been made,

(b)     by the petitioner for a winding up order, that the petition has been presented,

(c)     by the building society, that a resolution for voluntary winding up may be passed, or

(d)     by the person proposing to appoint an administrator,

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